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Can IOTA and ObjectID Eliminate the $450B Counterfeiting Problem? - Crypto News Flash
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Can IOTA and ObjectID Eliminate the $450B Counterfeiting Problem? - Crypto News Flash
TokenLabs, ObjectID, and IOTA aim to sidestep outdated checks by assigning cryptographic IDs to items. Live updates on IOTA’s ledger help expose tampering at any point in a product’s lifecycle. Counterfeiting drains an estimated $450 billion from the global economy every year, and that figure could more than double by 2030. From fake luxury bags to imitation pharmaceuticals, the damage cuts across sectors. Conventional protection methods such as…
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